- Invent something: Intellectual property and trade secrets can be extremely valuable. Patents, trademarks, copyrights, etc.
- Your personal brand: Educate yourself. Get your ideas out to the world through social media. Write a book. Create videos. Eventually your name may be very valuable.
- Standout: Michael Phelps' net worth is estimated to be around $55 million. Gold medals and lucrative endorsements helped build his wealth.
- Expertise: Coding skills, expertise and creativity helped “Satoshi Nakamoto” to create Bitcoin — from nothing! As of 24 May 2017, Nakamoto is believed to own up to roughly one million bitcoins, with a value estimated at approximately $7 billion USD as of November 2017.
- Consulting: Your experience can be very lucrative and people are willing to pay for it.
- Problem solving: You know the story of the technician who walks into the factory, replaces a screw and charges $1,000 for the repair. “For five minutes of work? Why?” The manager asked. “One dollar for the screw, $999 for knowing which screw to replace.”
- Knowledge: Knowledge is of more value than gold in the Information Age.
Invest your time wisely into a business, an invention, a technology, your reputation, customer relationships, your brand, your education, your health, etc. Anything that you own and control that will reap benefits into the future.
-Hector Quintanilla
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